yes yes do you think we will hear from narenda modi again?— narenda modi again?e _ narenda modi again? yes his ministers will be sworn - narenda modi again? yes his ministers will be sworn in. i narenda modi again? yes his| ministers will be sworn in. his senior ministers and the council of ministers will be sworn in one by one. the following ministers who are now appearing on screen are the senior ministers. we understand that there are dozens more who will get sworn in. it will start from the senior most ministers and then progress to the minister of state, who are thejunior progress to the minister of state, who are the junior ministers in the cabinet. this is going to be a process. we are told it's going to take about 60 minutes from now. today what will happen is once they have the minister sworn in, tomorrow is when we expect the government to declare to the public which minister will be handling what ministry. the portfolio allocation is likely to take place later tonight or early tomorrow morning. that will be the process. once the swearing in ends then t

stocks, bonds and the rupee are surging as narenda modi looks set to win a decisive majority in indiaor the third time. this is bloomberg. ♪ >> welcome back to bloomberg daybreak europe. in the s stocks have surged to a record with rupee and southern bonds -- sovereign bonds climate. join aminah for investment, time for the head of the uae business and strategy. the rally is coming through today. we are expecting these results to be confirmed on tuesday. these are just examples. expectation is they will be confirmed on tuesday. what you make of the market reaction and whether or not it can be sustained from here? quick thank you for having me. i think the example -- you are already anticipating the markets. the second the markets opened, this is on the backs of the expectation that the government is not only expecting the cross but it is also itching to test the 400 number. looking back at the election in 2019, the government kind of touch to the 352 number. markets are anticipating the same thing to happen as well. this is on the back of the government coming into place. quick so is

india's prime minister and leader of the bjp party, narenda modi, has been sworn in again for a thirdumbai. archana, how have the indian markets been responding to the latest developments? it's the start of a new trading week. ~ ., ,, , .,, week. well, the markets opened on a muted _ week. well, the markets opened on a muted scale, _ week. well, the markets opened on a muted scale, but— week. well, the markets opened on a muted scale, but on - week. well, the markets opened on a muted scale, but on the - on a muted scale, but on the positive side. from all the wild swings that we saw last week from record highs post—exit polls to tuesday, when prime minister modi's party failed to win a clear majority on its own, the shock element subsided and the markets have actually been on an upward trajectory. investors have come back and market have erased all the losses they made on tuesday — almost $400 billion worth of money was lost that day, but all of those losses have been erased. as prime minister modi and his council of ministers took oath yesterday, from the list of the council of mini

narenda modi and his party are seeking a third term in power but initial tallies show the party is struggling to win a majority of seats in national elections. airbus may be closing in on a deal with china. bloomberg news has learned the plane maker is negotiating a major sale of more than 100 aircraft to china. talks have gained momentum since president xi jinping visited his french counterpart last month. and a glitch in a software update is being blamed for trading halts at the new york stock exchange yesterday. the glitch also read the nyse to incorrectly display 99% drops in companies including berkshire hathaway. the disruption was resolved after 45 minutes when the exchange reverted to running a different software. the nyse will cancel the bad trades at berkshire hathaway and is reviewing other erroneous halt. jonathan: what a mess. more and about 30 minutes times. equities lower. a massive week of data. coming up next, the weight of inflation. >> we have more work to do on the price side. prices are still too high and we have a cost-cutting agenda we will push. jonathan: that conversa